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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (52476)3/18/1999 12:45:00 PM
From: sjemmeri  Read Replies (1) | Respond to of 132070
 
I won't disagree that, if and when this scenario plays out,
the PE at the bottom would be lower but I also think that it
would take a few years to reach that. Everyone talks about
what happened in 1929 but, if one stayed long, it was '30 and
'31 that really hurt.



To: Knighty Tin who wrote (52476)3/18/1999 7:41:00 PM
From: Peter Singleton  Read Replies (1) | Respond to of 132070
 
MB,

<<And, IMHO, it won't stop at 17 times earnings>>

don't forget, dem earnings gonna get smashed, too ... <ng>

and, sooner or later we're going to see high quality stocks paying generous dividends, many with yields at or better than t-bills. ummm, maybe a little price depreciation between now and then.

Peter


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